U.S. goods trade deficit narrowed in Oct. as imports plunged

THE U.S. GOODS TRADE deficit decreased to $66.5 billion in October from $70.5 billion the prior month. / BLOOMBERG NEWS FILE PHOTO/TIM RUE
THE U.S. GOODS TRADE deficit decreased to $66.5 billion in October from $70.5 billion the prior month. / BLOOMBERG NEWS FILE PHOTO/TIM RUE
WASHINGTON – The United States merchandise-trade deficit unexpectedly narrowed to the lowest in more than a year as imports plummeted, signaling the impact of tariffs on shipments. The gap decreased to $66.5 billion in October from $70.5 billion the prior month, Census Bureau data showed Tuesday. That compared with forecasts of a widening to $71 billion. Exports…

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